The Compliance Officers Forum of Liberia is a member of COFGMS which was organized under the auspice of The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), a specialized institution of the Economic Community of West African States responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) in
West Africa. As a Forum, we encourage and promote the culture of compliance among financial institutions, non-bank financial institutions and designated non-financial businesses and professions within Liberia;
We also generate synergy necessary for the development and effective implementation of compliance related policies among Liberian banks and DNFBPs;
The Forum seeks to also articulate and contribute views on the formulation and implementation of compliance related policies, laws and regulations in Liberia;
We also alert members of new developments and trends in money laundering typologies and changes to, laws and regulations, and the interpretation and application of such by the relevant authorities;
We also look forward to articulate ideas that may lead to the establishment of an Institute of Compliance for financial institutions and DNFBPs.
